Wagaman NT

Postcode 0810 · Darwin LGA

Wagaman is a smaller suburb in Northern Territory within the Darwin local government area (postcode 0810). With a population of 2,023, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $108K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Greek.

The median house price in Wagaman is $470,000, having dropped significantly 13% over the past year. The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,820.

Wagaman is served by 1 school, including 1 primary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 7 bus stops.

From an investment perspective, Wagaman offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($470K/$711K), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -13.0% year-on-year.

INVESTMENT SIGNALS
Rental Yield3.8% Moderate Yield
Price vs State$470K/$711K Below Median
Affordability4.3x Affordable
Price Momentum-13.0% Falling
INCOME (ATO 2022-23)
Median Income$58,881
Mean Income$67,749
Earners1,500
YoY Change-0.4%
SEIFA INDEX (ABS)
Advantage3/10
Education5/10
Economic2/10
Disadvantage4/10
MEDIAN HOUSE
$470K
-13% YoY
MEDIAN RENT /WK
$340
POPULATION
2,023
DEMOGRAPHICS
Median Age35
Household Size3
HH Income /wk$2,083
Personal Income /wk$864
Mortgage /mth$1,820
TRANSPORT
Bus Stops7
SCHOOLS (1)
Avg ICSEA944
Total Students213
Government1
Wagaman Primary SchoolPrimary · Government · ICSEA 944
Data: 2024